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Ripple’s Partner Santander Bank Won’t Use XRP for International Payments Due to Low Adoption
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Ripple’s Partner Santander Bank Won’t Use XRP for International Payments Due to Low Adoption

Santander Bank, a major European financial presence and one Ripple’s most prestigious partners is reportedly hesitating to add XRP to its international payments network - One Pay FX

G7 Bank Sector Higher Money Laundering Risk than Crypto Industry, Reports Mexico Financial Intelligence
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G7 Bank Sector Higher Money Laundering Risk than Crypto Industry, Reports Mexico Financial Intelligence

According to a report released by the Financial Intelligence Unit of Mexico, the G7 banking sector was most at risk of money laundering operations.

Santander Imposes Limit on Crypto Transactions for UK Customers
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Santander Imposes Limit on Crypto Transactions for UK Customers

Santander to impose a £1,000 transaction limit on its crypto customers in the UK

Banks Embrace Tech to Navigate Economic and Cyber Challenges, ISG Highlights
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Banks Embrace Tech to Navigate Economic and Cyber Challenges, ISG Highlights

Global banking and financial services (BFS) firms are increasingly leveraging technology to improve customer experience and navigate the tumultuous landscape, according to a report by Information Services Group. The ISG TechXchange event in Paris will explore how BFS institutions can use data, automation, and AI to differentiate themselves in a saturated market. The event will feature prominent BFS leaders discussing the future of banking, emerging tech platforms, and the potential of the metaverse.

Santander Bank to Offer Loans Backed by Tokenised Crop Products
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Santander Bank to Offer Loans Backed by Tokenised Crop Products

The Argentinian offshoot of Spanish multinational financial services company, Banco Santander, is on track to start offering a loan product to farmers with tokenized agricultural-based products.

Santander Blocks Payments by UK Account Holders to Binance
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Santander Blocks Payments by UK Account Holders to Binance

Spanish banking giant Santander follows Barclays to ban payments from UK customers to Binance cryptocurrency exchange.

HSBC Becomes the First Bank to Finance Transaction via Hyperledger
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HSBC Becomes the First Bank to Finance Transaction via Hyperledger

Multinational banking giant, HSBC has reportedly become the first bank to complete a financial transaction using the blockchain trade platform, we.trade based in Europe.

Japan’s SBI Acquires Stake in Securitize
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Japan’s SBI Acquires Stake in Securitize

On SBI investing in his company, Domingo said “I think that the fact that [SBI is] putting their faith and investing in a company like us [is] signifying the move towards more adoption of security tokens.”

EMT Pilots Facial Recognition and Blockchain Ticketing Project in Madrid
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EMT Pilots Facial Recognition and Blockchain Ticketing Project in Madrid

EMT, a public transportation firm in Madrid wants to use blockchain for its ticketing pilot project.

Ripple to Build The Core Ledger that Will Power Central Bank Digital Currencies
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Ripple to Build The Core Ledger that Will Power Central Bank Digital Currencies

Ripple has been making headway in pursuing projects involving central bank digital currency issuances.

IBM Joins Trade Finance Blockchain Platform We.Trade As New Shareholder
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IBM Joins Trade Finance Blockchain Platform We.Trade As New Shareholder

IBM has announced a new collaboration with blockchain-based trade finance platform, we.trade to enhance network capabilities and accelerate the global growth of the platform. We.trade was designed to connect buyers, sellers, banks, insurers, and other organizations in a network, simplifying cross-border trading. Built on the latest version of the IBM Blockchain Platform, IBM has been the platform’s technology partner since the beginning. We.trade was also the first enterprise blockchain consortium to go live, back in early 2018.

Argentina Orders Stricter Monitoring on Local Crypto Transactions Amid Battling the Flight of Devalued Pesos
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Argentina Orders Stricter Monitoring on Local Crypto Transactions Amid Battling the Flight of Devalued Pesos

Argentina’s Financial Information Unit (FIU) has ordered stricter controls and monitoring into cryptocurrency transactions in the country to eradicate money laundering and other illicit activities. Argentine newspaper El Cronista reported that the FIU, a government agency that is responsible for enforcing anti-money laundering laws and compliance, is looking to tighten its controls on cryptocurrency trading.

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